Acadia Power Partners to Sell Half of Acadia Plant to Entergy Louisiana

PINEVILLE, LA--(Marketwire - October 30, 2009) - Acadia Power Partners, LLC (APP) announced
today that it has signed a purchase and sale agreement for Unit 2 of the
Acadia Power Station, a 580-megawatt generating unit located near Eunice,
to Entergy Corp.'s subsidiary, Entergy Louisiana, LLC. APP is 50 percent
owned by a subsidiary of Cleco Corp.'s (NYSE: CNL) subsidiary Cleco
Midstream Resources LLC.

"The sale of Acadia Unit 2 continues progress toward our goal of maximizing
the value of our Cleco Midstream assets," said Mike Madison, president and
CEO of Cleco Corp. "The successful execution of this transaction will
further reduce our merchant market risk and bring value to our
shareholders."

The Acadia Power Station, which began commercial operation in 2002,
consists of two Siemens-Westinghouse
combined-cycle gas-fired generating units, nominally rated at 580 megawatts
each. APP proposes to sell 100 percent of Acadia Unit 2 and 50 percent of
the facility's common assets. In a separate transaction earlier this year,
Cleco Power LLC is acquiring Acadia Unit 1 and the other 50 percent of the
facility's common assets pending regulatory approval. Upon closing the
transaction, Cleco Power will serve as operator for the entire facility.

Entergy Louisiana's purchase is contingent upon, among other things,
obtaining necessary approvals, including full cost recovery from various
federal and state regulatory and permitting agencies and the filing of
notification under the Hart-Scott-Rodino antitrust law. Closing is
expected to occur in late 2010 or early 2011. Energy Louisiana and APP
also have entered into a power purchase agreement for 100 percent of the
output of Acadia Unit 2 that will commence on May 1, 2010, and is set to
expire at the closing of the acquisition transaction.

Cleco Corp. is a regional energy company headquartered in Pineville, La.
It operates a regulated electric utility company that serves about 276,000
customers across Louisiana. Cleco also operates a wholesale energy
business with approximately 1,350 megawatts of nameplate generating
capacity. For more information about Cleco, visit www.cleco.com.